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Jan 19, 2013
01/13
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i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was
i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not...
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Jan 17, 2013
01/13
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resolutions, the debt ceiling debate. he's in full campaign mode. do you think the president emboldened by reelection and maybe emboldened by a win on the fiscal cliff, do you think he's overreaching on the political consequences and how should republicans deal with it? >> look, i think he clearly felt after the election that he was out to crush the one institution that was stopping his agenda, that it stopped it in the second, in the third and the fourth years of his administration, first administration, namely the republican house. he set up the fiscal cliff negotiations deliberately to split the republicans in the house, knowing that if he did, it would neuter the opposition and he would have the kind of dominance of washington, which he had in the first two years before he lost the house in the mid term elections. so, i have no doubt that that's how he used the fiscal cliff. that's how he's going to use the issue of immigration and that's how he's going to approach the debt ceiling and other issues and it's his object
resolutions, the debt ceiling debate. he's in full campaign mode. do you think the president emboldened by reelection and maybe emboldened by a win on the fiscal cliff, do you think he's overreaching on the political consequences and how should republicans deal with it? >> look, i think he clearly felt after the election that he was out to crush the one institution that was stopping his agenda, that it stopped it in the second, in the third and the fourth years of his administration,...
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Jan 20, 2013
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like the debt ceiling, the budget, gun control, immigration, tax reform, those kinds of things. so i think that it is true that we are -- we have a divided government now. it has been a difficult four years but i think president obama is a natural. i think he will make that a big theme of his second term. i think you will hear some of that tomorrow. host: this is from this morning's "the washington post" who writes a new term, a new obama. he points out and draws an aanalogy to f.d.r. and eisenhower. guest: the roosevelt second inaugural address is interesting to read. it really is at peace with the first inaugural address. this is a president saying i came in with a huge crisis, we're on the right path, we're going to keep going. he has a phrase in there, have we found our happy val valley? i -- valley. i don't read it as being an aggressive speech. he was speaking to the whole country but he wasn't in campaign mode. roosevelt was very good in that way and eisenhower never sounded like he was in campaign mode. guest: i think that speech is recognized as one of the better second
like the debt ceiling, the budget, gun control, immigration, tax reform, those kinds of things. so i think that it is true that we are -- we have a divided government now. it has been a difficult four years but i think president obama is a natural. i think he will make that a big theme of his second term. i think you will hear some of that tomorrow. host: this is from this morning's "the washington post" who writes a new term, a new obama. he points out and draws an aanalogy to f.d.r....
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Jan 20, 2013
01/13
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we can't have every three month a debt ceiling crisis. someone is going to have to come up with some way from stopping these people from being drama kings and drama queens. >> drama's out. >> is that your headline? >> mine is basically with a call for unity, obama presses assertive domestic agenda. i don't expect him to tick off the details, for example, of gun regulation. he already did that last week, but i think he is going to use the bully pulpit here for the idea that he can really lead us to more action on the domestic front in congress. >> and one other point. the facetious headline i came up with him being born in the united states. we need to get past all this. it's time to stop this because it's counterproductive and it's causing a paralysis. >> and i would briefly say it's not that we need to get past it, we have to call out who is responsible for t.only one group that's still trading in birtherism, it's a one-sided problem. >> i'd like, to if we could, pull up your headline again. i don't know if we can do that. >> yes, sir. >
we can't have every three month a debt ceiling crisis. someone is going to have to come up with some way from stopping these people from being drama kings and drama queens. >> drama's out. >> is that your headline? >> mine is basically with a call for unity, obama presses assertive domestic agenda. i don't expect him to tick off the details, for example, of gun regulation. he already did that last week, but i think he is going to use the bully pulpit here for the idea that he...
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Jan 20, 2013
01/13
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, like the debt ceiling, the budget, gun-control, immigration, tax reform, those kinds of things. i think it is true that we have a divided government now. it has been a difficult four years, but president obama is a natural conciliate her -- conciliation person, and he will make that a big theme of his second term. i think you will hear some of that tomorrow. >> this is from this morning's "washington post." you can draw an analogy to two former president, franklin roosevelt and dwight eisenhower, finding parallels to what fdr delivered in his second address in 1937, and what eisenhower faced in 1957. >> the roosevelt second inaugural address is interesting to read because it really is of a peace with first inaugural. the president said, i came in with a huge crisis, i have been leading this country through, we're on the right path. we are going to keep going. he has a phrase in there -- have we found our happy valley? it was a very fine speech. i would have to go back and look at it again. i do not read it as being an aggressive speak. he was speaking to the whole country, but h
, like the debt ceiling, the budget, gun-control, immigration, tax reform, those kinds of things. i think it is true that we have a divided government now. it has been a difficult four years, but president obama is a natural conciliate her -- conciliation person, and he will make that a big theme of his second term. i think you will hear some of that tomorrow. >> this is from this morning's "washington post." you can draw an analogy to two former president, franklin roosevelt...
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Jan 19, 2013
01/13
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fought these big fights on fiscal cliff and debt ceiling, poverty is expanding. 50 million in poverty. food insecure, unemployed, and the disparity keeps growing, plus an impact of violence. so those issues must be confronted in this second go-round. >> how does the president go about doing that? i made the point in the last, before the last break that the president, at least at that point, had both houses of congress under his belt with a democrat majority. he doesn't have that anymore. can he put forward legislation, ideology, issues to help reduce that polarization? >> you know what, lyndon johnson opened up the war on immigration in appalachia. most poor people are white, female and young, and black and brown hunger hurts. 50 million, these people are malnourished, homeless or wandering. they're unbankable, therefore they're driven into expensive loan arrangements. they are poor. they cannot send their children to school. they cannot dream. 50 million more very close to them, this impact of growing poverty and racial polarization and violence is a hell of a combination, and i woul
fought these big fights on fiscal cliff and debt ceiling, poverty is expanding. 50 million in poverty. food insecure, unemployed, and the disparity keeps growing, plus an impact of violence. so those issues must be confronted in this second go-round. >> how does the president go about doing that? i made the point in the last, before the last break that the president, at least at that point, had both houses of congress under his belt with a democrat majority. he doesn't have that anymore....
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Jan 15, 2013
01/13
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how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you, martin. let's check in on how wall street finished today's trading session. it was a volatile trading day and the dow jones managed to gain 27 points. the s&p gained just under 2 points on the trading session. and the nasdaq with a drag from face boonk to the downside finished down 6.75 points. that's it from cnbc. we are first in business worldwide. martin is back after a quick break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaura
how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you,...
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Jan 18, 2013
01/13
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i think we should extend, if not and the debt ceiling issue. we should set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to the serious discussion of tax reform and environment issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part in the debt ceiling in the next six weeks and then move on. those who are saying let's do it dribble by turbo, they are the ones who would be undermining the effort to sit down and have a serious discussion of tax reform. >> we've got about two minutes left. francine. >> the question about itemize deductions. what s-sierra thought of having a cab, that people can use it for whatever they want for mark h., whatever. >> i think the problem with the cap is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contributions come from the very wealt
i think we should extend, if not and the debt ceiling issue. we should set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to the serious discussion of tax reform and environment issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part in the debt ceiling in the next six weeks and then move on....
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Jan 16, 2013
01/13
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CNBC
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you think the debt ceiling is an issue for down the road? base book suggests an issue for right now. let me get to other issues first and i will get back to that. rebounding from hurricane sandy. holiday sales modestly higher but appear to be below expectations. manufacturing is mixed with the outlook generally optimistic. real estate is up in all districts and real estate growth was moderate to strong in all districts. now we get to the fiscal cliff issues. hiring times are cautious especially for companies doing business in europe and defense. hiring plans specifically delays in six district due to fiscal uncertainties. let me show you individual comments from the districts when it comes to the fiscal uncertainties. real estate context with down side risk because of potential fiscal contraction. weaker holiday sales in new york to on-line shopping, mild weather and fiscal cliff concerns. in philadelphia, staffing agencies, watching reaction, quoting with serial fiscal cliff decisiones. cleveland, auto workers worried about the impact on sa
you think the debt ceiling is an issue for down the road? base book suggests an issue for right now. let me get to other issues first and i will get back to that. rebounding from hurricane sandy. holiday sales modestly higher but appear to be below expectations. manufacturing is mixed with the outlook generally optimistic. real estate is up in all districts and real estate growth was moderate to strong in all districts. now we get to the fiscal cliff issues. hiring times are cautious especially...
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Jan 18, 2013
01/13
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. >> even though we've been through this, i go back to the debt ceiling issue, and can you tell me what would happen if congress did not raise the debt ceiling, and if that would make it such a dangerous option for going forward. >> i think our credit rating would go down, and how would we pay the bills? how would we pay social security? how would we pay veterans? >> [inaudible] >> no. the republicans are saying pick and choose. let's have a vote here. which ones would we pick? which ones would not occur right away? i mean, the president was right to say, in my judgment, to the republicans, don't do it, you're playing with fire. >> i don't understand that, i guess. >> why what? >> why are they playing with fire? what would happen? >> those are two different questions. i think the republicans have some idea of what would happen. we've been through this with the credit rating. i think the sense is they know what would happen until they say let's pick and choose. by the way, they have not said which they would pick and which would be left, and the president made clear we're not talking abo
. >> even though we've been through this, i go back to the debt ceiling issue, and can you tell me what would happen if congress did not raise the debt ceiling, and if that would make it such a dangerous option for going forward. >> i think our credit rating would go down, and how would we pay the bills? how would we pay social security? how would we pay veterans? >> [inaudible] >> no. the republicans are saying pick and choose. let's have a vote here. which ones would...
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Jan 17, 2013
01/13
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ceiling conversations, days after fiscal quick negotiations -- days after fiscal cliff negotiations. was that deal good for poor people? >> for 30 years, we have not addressed this issue, except for the wonderful work that you and cornel are doing in these wonderful people on the panel. politics has neglected the poor. one could say that there was a war on the poor rather than a war on poverty for much of this period. the united states has by far the most poverty of any of the high- income countries as a share of the population. we have the highest in quality. we have the most entrenched underclass. we have had the biggest increases of any quality by far, and we've had the least political response of any high- income countries, so we are standing out on our own. this has been a 30-year trend of soaring in comes at the top, stagnation in the middle, and falling through the floor on the bottom, and the political system has refused to address this for 30 years. so we have reached a calamitous situation in this country, but the fact of the matter is nothing that was done at the fiscal cl
ceiling conversations, days after fiscal quick negotiations -- days after fiscal cliff negotiations. was that deal good for poor people? >> for 30 years, we have not addressed this issue, except for the wonderful work that you and cornel are doing in these wonderful people on the panel. politics has neglected the poor. one could say that there was a war on the poor rather than a war on poverty for much of this period. the united states has by far the most poverty of any of the high-...
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Jan 19, 2013
01/13
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WUSA
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. >> you also will need to have a budget in place in order to come to that debt ceiling debate as the republicans have laid it out at this point and you're also going to be dealing with the deficit and all of the other issues. so are you basically saying you don't think anything's changed here? >> no. i think the republicans have realized it's a political problem and a real problem if we jeopardize the full faith and credit of the united states. i'm not sure they understand we need to pay our bills. they seem to be confused if they only proposed three months. a clean debt ceiling is the only way to go. when we get to march 2nd and the sequester deadline approaches again, we need to focus on a balanced debt ceiling focus. that's what this is about. the americans made a decision. they embrace president obama's idea that we should have revenue and closed tax loopholes for the wealthiest pay more and reduce spending in a balanced way. >> i think what people also hoped that they were voting for was the democrats and republicans would get in a room together and would cooperate. >> that's ri
. >> you also will need to have a budget in place in order to come to that debt ceiling debate as the republicans have laid it out at this point and you're also going to be dealing with the deficit and all of the other issues. so are you basically saying you don't think anything's changed here? >> no. i think the republicans have realized it's a political problem and a real problem if we jeopardize the full faith and credit of the united states. i'm not sure they understand we need...
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Jan 15, 2013
01/13
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it was the sole solution to the debt ceiling in august of 2011 in the u.s. downgraded last time. so all these issues are important and it's very important that congress take necessary action to raise the debt ceiling to avoid a situation where government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in a deal, it certainly went part way, but leaves a number of issues still on the table. would you care to raise that as an additional fiscal cliff that is facing us? would you think that it's not as concerning as it was when you raise that term initially? >> as i said the fiscal cliff, if it is allowed to take place, it probably would have traded a recession this year. a good bit of that has been addressed. nevertheless, we still have fairly restrictive fiscal policies now. it is estimated that federal fiscal policy will we have quite a bit to do to address the their long-term sustainability issues. there's a lot more work to do. let me be very clear about that. it's going to be a long haul and it's not go
it was the sole solution to the debt ceiling in august of 2011 in the u.s. downgraded last time. so all these issues are important and it's very important that congress take necessary action to raise the debt ceiling to avoid a situation where government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in a deal, it certainly went part way, but leaves a number of issues still on the table. would you care to raise...
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Jan 15, 2013
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a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, chairwoman of the tea party express. thanks for coming in this morning. >> thanks for having me. >> safe bet you're against raising the debt ceiling without spending cuts. >> the problem is the spending cuts never come. the republicans find themselves in the situation all the time t happened with reagan and bush 41 and with the sequester, it's been put off for two months, the spending cuts never come and we cannot continue down this path with over $16 trillion in debt, and a deficit of $1.4 trillion to $1.6 trillion per year. we're spending $1.6 million per year than we're bringing in. >> you've accused the president of using scare tactics. what do you mean by that? do you think he's lying about what could happen? >> the thing is, you know what, first of all it's not cong
a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, chairwoman of the tea party express. thanks for coming in this morning. >> thanks for having me. >> safe bet you're against raising the debt ceiling without...
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treasury secretary timothy geithner says that the us debt ceiling could arrive in mid february which would then lead to a sovereign default and raising the bar and limit could also be an issue with the republican party continues to strictly oppose any additional spending but just last december congress struggled to find a compromise to avoid an automatic tax hike and the implementation of cuts called the fiscal cliff. are just a couple of minutes on the abby martin zooming in on the u.s. treasuries new boss and how the media has been distracting attention from the real problems ahead. obama's chief of staff jack lew is moving on up. and of course the media has been all over the most controversial aspect of his record coming to a dollar bill near you this parody of a signature the treasury secretary's signature you see appears on all federal reserve notes dollar bills issued during his tenure here is jack lew's signature it really is and here is what jack lew's signature would look like on a dollar bill ha ha ha ha yes according to corporate media the biggest dirt on mr lewis is a u b
treasury secretary timothy geithner says that the us debt ceiling could arrive in mid february which would then lead to a sovereign default and raising the bar and limit could also be an issue with the republican party continues to strictly oppose any additional spending but just last december congress struggled to find a compromise to avoid an automatic tax hike and the implementation of cuts called the fiscal cliff. are just a couple of minutes on the abby martin zooming in on the u.s....
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Jan 21, 2013
01/13
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debt ceiling, entitlement reform, et cetera, et cetera. right and left, republicans and democrats are diametrically opposed with their orthodoxy. democrats more moderate with republicans on certain things. republicans are more send activity that work with democrats. in the wake of the 2012 election as we look forward what is happening with the president's second term there are historical realities. the country is system of two parties and they compete hard. they compete hard for their agendas and it is not going to be an easy year. a second term is difficult one. the first year of four is really the best, some say only opportunity to pass legislation effectively. after the second year of a second term, on comes the midterm, 2014 will be a very, very important time which will determine by who is ted anated aho wi, what the republican and democratic presidential candidates look like in the back of president obama's second term and who his successor will be. something that has not happened in many years, not at all inconceivable. everyone rec
debt ceiling, entitlement reform, et cetera, et cetera. right and left, republicans and democrats are diametrically opposed with their orthodoxy. democrats more moderate with republicans on certain things. republicans are more send activity that work with democrats. in the wake of the 2012 election as we look forward what is happening with the president's second term there are historical realities. the country is system of two parties and they compete hard. they compete hard for their agendas...
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Jan 14, 2013
01/13
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the debt ceiling. and these automatic spending cuts that take hold at the beginning of march. they want to use these opportunities. they don't think it's so bad to shut down the government or to default on the debt. they are even skeptical of the administration's estimates of when that will happen. so they see themselves really having very little leverage besides doing something which a lot of americans would consider extreme which is defaulting on the debt or shutting down the government. now i think it's virtually impossible that speaker john boehner will raise the debt ceiling without commensurate spending cuts. he's way too far out on a limb on that prospect. so it's going to be one of these huge battles its going to be something where one side has to blink first or the issues have to kind of meld together in a way that speaker boehner or president obama has a fig leaf in order to get this done. >> woodruff: jake, what about the president's argument today? he said this several times. he said this is not about we're doing the debt ceiling in order to authorize more spending
the debt ceiling. and these automatic spending cuts that take hold at the beginning of march. they want to use these opportunities. they don't think it's so bad to shut down the government or to default on the debt. they are even skeptical of the administration's estimates of when that will happen. so they see themselves really having very little leverage besides doing something which a lot of americans would consider extreme which is defaulting on the debt or shutting down the government. now...
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Jan 15, 2013
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. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >> what makes sense? what works? >> this is a moment to act. >> this is a promise to turn the conversation into actions. >> if there is a step we can take that will save even one child, we should take that step. >> the lecturer in chief returns to the east room of the white house today to explain something to congressional republicans that previous presidents have not had to explain to congress. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills
. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >>...
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Jan 20, 2013
01/13
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lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in the second term. >> what he cannot do going into the term is go from economic crisis to economic crisis. that is not leadership. he has to figure out how to address this in ay way. our health care reform cannot waste, must not wait and will not wait another year. >> passing health care legislation early on was high on the president's to-do list. he picked kansas governor to head up health and human services, to get health care legislation done he largely passed control over to congress to put the bill together and to figure out how to get it through. it became a messy process about 2,000-plus-page
lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in...
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Jan 18, 2013
01/13
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you have the sequestered, the debt ceiling, and you have the continuing resolution. the sequestered and debt ceiling fall on top of each other towards the end of february. these to say and republican leadership and the senate, which is served in for 12 years, you never take a hostage you cannot shoot. the problem with the house was they took hostage the cannot shoot when they took the fiscal cliff. if the republican members of congress take the debt ceiling as a hostage, it is a hostage you cannot shoot. as a very practical matter, if we go over the debt ceiling, we do not increase the debt ceiling, republicans will not win the debate. they will argue they are not increasing it because they do not want to control spending but they will not win the debate. what will happen is the white house will pay with cash flow of the interest on the debt. the debt will not be called. what they might not pay our social security checks. the moment the american citizen figures out they may not go out, the game is over. tenfold. because believe me, though congress can stand up to the
you have the sequestered, the debt ceiling, and you have the continuing resolution. the sequestered and debt ceiling fall on top of each other towards the end of february. these to say and republican leadership and the senate, which is served in for 12 years, you never take a hostage you cannot shoot. the problem with the house was they took hostage the cannot shoot when they took the fiscal cliff. if the republican members of congress take the debt ceiling as a hostage, it is a hostage you...
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Jan 21, 2013
01/13
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that's why i think you saw them retreat from the plan to push this debt ceiling issue immediately upon returning to work. so i think that there's a prospect for getting some things done. certainly on issues like immigration reform. there's a powerful impetus for there to be progress. i think we can make some. >> david, thank you very much. you're going to be leaving the president's side and starting an institute of politics at the university of chicago and we wish you all the luck in the world. >> you guys, i need you out there. >> nancy cordis is there as a number of the dignitaries begin to take their seats. what are you seeing? >> scott, there are 1,600 seats that have been set up on the west front terrace of the capitol. people who will be surrounding the president as he takes the oath of office. we are still awaiting the announcement of the dignitaries who will come out in groups. first, the nation's diplomatic core, the governor, then the cabinet, the joint chief of staff, and supreme court. and two former presidents, bill clinton and president carter who will both be in attendan
that's why i think you saw them retreat from the plan to push this debt ceiling issue immediately upon returning to work. so i think that there's a prospect for getting some things done. certainly on issues like immigration reform. there's a powerful impetus for there to be progress. i think we can make some. >> david, thank you very much. you're going to be leaving the president's side and starting an institute of politics at the university of chicago and we wish you all the luck in the...
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Jan 15, 2013
01/13
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such as the fiscal cliff, the debt ceiling, our nation is looking for a path forward. i didn't come to congress to simply talk the talk. i came here to walk the walk for my constituents, for california and for this great nation. today's a new day what calls for new ideas, collaboration and real solutions for the american people. yesterday i also had the pleasure of joining nine of my congressional colleagues across the aisle at a bipartisan no-labels meeting to make america work. we addressed the partisan gridlock in congress that has slowed progress for the american people. it's high time we find compromises that will lead to real solutions to the real problems facing our nation. today i call on all my colleagues to join -- on both sides of the aisle to join in this effort. let's make america work. thank you and i yield back the balance of my time. the speaker pro tempore: the gentlelady yields back the balance of her time. for what purpose does the gentleman from minnesota seek recognition? without objection, the gentleman from minnesota is recognized for one minute.
such as the fiscal cliff, the debt ceiling, our nation is looking for a path forward. i didn't come to congress to simply talk the talk. i came here to walk the walk for my constituents, for california and for this great nation. today's a new day what calls for new ideas, collaboration and real solutions for the american people. yesterday i also had the pleasure of joining nine of my congressional colleagues across the aisle at a bipartisan no-labels meeting to make america work. we addressed...
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Jan 15, 2013
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and not because of self-imposed crisis on a debt ceiling but we will be out of money. that is what the republicans are trying to avert. the president is playing this likebe a demagogue notto pretend we don't have a debt issue. we do. that is hanging above us and what will destroy the credit rating in the end. not a crisis we create and then get around as we have in the past. but a real one of a country that cannot pay its debt anymore. which is where we are headed. >> bret: next up is the u.s. getting involved in a another war on terror in mali? b or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite has a unique formula not found in your multivitamin to help protect your eye health. now that's a pi
and not because of self-imposed crisis on a debt ceiling but we will be out of money. that is what the republicans are trying to avert. the president is playing this likebe a demagogue notto pretend we don't have a debt issue. we do. that is hanging above us and what will destroy the credit rating in the end. not a crisis we create and then get around as we have in the past. but a real one of a country that cannot pay its debt anymore. which is where we are headed. >> bret: next up is the...
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Jan 15, 2013
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like the current debt ceiling debate. they feel, some do, that he's been more isolationist and even aggressive towards the other side or, the word i'm looking for, antagonistic. and joining us a michael reagan, chairman of the reagan group. this is not just the president's critics saying it, bob woodward wrote in his book about a president obama who was a distant character, equally cool relationships with politicians and business leaders. those who know him, somebody who worked in the white house, an aide to president obama said that publicly he doesn't call anyone, he's not close to virtually anyone, he really doesn't like people. she later came out and apologized for saying that, but the criticism, he's not getting any deals done in part, not in full, but in part because he doesn't know how to forge relationships with his opponents. your thoughts? >> no, i think you're absolutely right and he's unwilling to do that. he feels empowered by the last election that somehow he's been empowered by the public to do exactly what
like the current debt ceiling debate. they feel, some do, that he's been more isolationist and even aggressive towards the other side or, the word i'm looking for, antagonistic. and joining us a michael reagan, chairman of the reagan group. this is not just the president's critics saying it, bob woodward wrote in his book about a president obama who was a distant character, equally cool relationships with politicians and business leaders. those who know him, somebody who worked in the white...
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Jan 20, 2013
01/13
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they have been so poor in their choices on candidates as well as issues. each of them have gone in the wrong direction. so suddenly, they're at war among themselves. >> and we're going to be watching it. >> and it's right. >>> coming up, one more look at this morning's top stories. >> and that includes finding out who is playing in the super bowl today. the big game between the 49ers and the falcons next. president obama takes the oath of office for his second term in ab >>> welcome back. >> president barack obama taking the oath of office for the second term in about half an hour. the formal swearing in happens in the white house blue room this morning. in a public ceremony, big pomp and circumstance set for tomorrow. >>> ask the 49ers will face the atlanta falcons today in the nfc championship game. if the 49ers win, they earn their ticket to new orleans and a chance to win their sixth super bowl. >>> prosurfers are in half moon bay today in the mavericks competition. the national weather service has issued a high surf warning for today which means prime
they have been so poor in their choices on candidates as well as issues. each of them have gone in the wrong direction. so suddenly, they're at war among themselves. >> and we're going to be watching it. >> and it's right. >>> coming up, one more look at this morning's top stories. >> and that includes finding out who is playing in the super bowl today. the big game between the 49ers and the falcons next. president obama takes the oath of office for his second term in...
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Jan 15, 2013
01/13
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in the debt ceiling to be tied to spending cuts. >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so -- there is a very simple solution to this. >> now, in a statement, john boehner indicated the republican party is prepared for a fight. he said "the consequences of failing to increase the debt ceiling are rule but so are the consequences of allowing our spending problem to go unresolved." >>> state lawmakers in sacramento are closely watching this debate in washington. the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts. >>> oakland police investigating a shooting that seriously injured one man. it happened about 8:00 last n
in the debt ceiling to be tied to spending cuts. >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so -- there is a very simple solution to this. >> now, in a statement, john boehner indicated the republican party is prepared for a fight. he said "the consequences of failing to increase the debt ceiling are rule but so are the consequences of allowing our spending problem to go unresolved." >>> state lawmakers in...
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Jan 17, 2013
01/13
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CNNW
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he has fights around the debt ceiling coming up and to make this the issue, how do you think that will work? >> that's why i wonder how serious he is. i'm not questioning his motives. now he knows for the next two months all we're going to be talking about is the debt ceiling, sequestration, the continuing resolution, ending the fiscal cliff, all of these. >> you're not questioning his motives of what he's suggesting. he'd rather have a conversation about guns than the debt ceiling? >> i think the president is trying to get political support from his base, maybe he feels it strengthens him going into negotiations with the republicans or the fiscal issues. listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she's very nice and
he has fights around the debt ceiling coming up and to make this the issue, how do you think that will work? >> that's why i wonder how serious he is. i'm not questioning his motives. now he knows for the next two months all we're going to be talking about is the debt ceiling, sequestration, the continuing resolution, ending the fiscal cliff, all of these. >> you're not questioning his motives of what he's suggesting. he'd rather have a conversation about guns than the debt ceiling?...
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Jan 15, 2013
01/13
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KGO
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to congressional republicans, raise the debt ceiling. but house republicans have been equally adamant they will not raise the debt ceiling unless the president first agrees to major spending cuts. >> i think the real issue here is, we all know, is spending. >> reporter: the president insists this is not even a subject for negotiation. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: stakes are higher than they were during the new year's eve showdown over the fiscal cliff. if an agreement isn't reached, the federal government faces default on its debt and a partial shutdown. >> social security checks and veterans benefits will be delayed. we might not be able to pay our troops. >> reporter: some have suggested president obama would have better luck with the republicans if he socialized with them. the president said that probably wouldn't make much of a difference, but he wouldn't mind trying. >> most people who kn
to congressional republicans, raise the debt ceiling. but house republicans have been equally adamant they will not raise the debt ceiling unless the president first agrees to major spending cuts. >> i think the real issue here is, we all know, is spending. >> reporter: the president insists this is not even a subject for negotiation. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not...
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Jan 18, 2013
01/13
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CNBC
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there is an issue with respect to fiscal deficit. where we saw the debt ceiling. so if that were to get into any kind of a logjam, not getting results, there can be some amount of sentiment that can impact us. and impact the customers and, therefore, to us. similarly in india, you look, the budget is going to come up in february. worry seeing further moderation in interest rates. but we still do not know, because quarter four tends to be a very good quarter. we have concern because we have very good revenue comes from india gee of fee. but some of those moves that will happen by the government and therefore the decision for investment and therefore there is a little bit of uncertainty. that is a big reason why we have given a guidance of .5% to 3% in large range. >> suresh -- >> based on the deal plan that we have, we feel that -- what? >> so just to be clear, you're basically saying just so people know what we're talking about, the guide kwans for the current quarter was between 1.2% and 3.5%. you came in at 2.4% revenue growth. your guidance for the next period
there is an issue with respect to fiscal deficit. where we saw the debt ceiling. so if that were to get into any kind of a logjam, not getting results, there can be some amount of sentiment that can impact us. and impact the customers and, therefore, to us. similarly in india, you look, the budget is going to come up in february. worry seeing further moderation in interest rates. but we still do not know, because quarter four tends to be a very good quarter. we have concern because we have very...
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Jan 17, 2013
01/13
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FBC
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the debt ceiling, of course sometime next month there are also dealing with government funding running out in march and some other issues like the sequestered. republicans are floating a short-term debt ceiling increase with some modest cuts to deal with the automatic spending cuts that government funding levels and get back to an argument or discussion over the debt ceiling and spending levels once you reach the next few months. that is right now what they are discussing. they have not decided on that strategy. this is just the house republican strategy. it would then have to keep an over to the senate and agree with senate democrats and the white house. for republicans they say this is all about structural spending changes. >> i think it is very clear at this is not just the notion of paying back past dues for the united states but also making sure that the dead obama administration wants to continue to incur is restrained. >> reporter: republican leaders continue to meet with members discussing a number of different ways to deal with the debt ceiling, short-term mr. -- short term. a
the debt ceiling, of course sometime next month there are also dealing with government funding running out in march and some other issues like the sequestered. republicans are floating a short-term debt ceiling increase with some modest cuts to deal with the automatic spending cuts that government funding levels and get back to an argument or discussion over the debt ceiling and spending levels once you reach the next few months. that is right now what they are discussing. they have not decided...
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Jan 19, 2013
01/13
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ceiling as the point to which to make cuts. there are other issues coming up like the continuing resolution and sequester cuts where they would like to make their last stand there for cutting getting spending cuts and allow on temporary extension without not much attached to it. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic conditions negatively today. why are we here again? >> you have to wonder. i point you back to november the conditions haven't changed all that much in two months. i would imagine that those exact numbers were the same on election day, and the american people not only re-elected the president but gave us the same senate in the house as we had before. so as much as they are saying economy isn't going well, when they had an opportunity to change things they voted for more of the same. >> heather: you mentioned congress, finally two polls dealing
ceiling as the point to which to make cuts. there are other issues coming up like the continuing resolution and sequester cuts where they would like to make their last stand there for cutting getting spending cuts and allow on temporary extension without not much attached to it. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic...
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Jan 13, 2013
01/13
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ceiling and and after the treasury department issued a statement saying that quote, neither the treasury department nor the federal reserve believes the law can or should be used to facilitate the production of platinum coins to avoid the increase in the debt limit. and finally a quick personal update, i'll be in baltimore on wednesday to talk about my book "twilight of the elites." a chapter about the steroids era in baseball and i'll be at pratt library. >>> and you should know aaron schwartz has died of suicide at age 26. his body was found in his apartment on friday. aaron was one of those naturally brilliant precocious hackers who at the age of 14 codeveloped the syndication of rss web protocol and is a key component of the we be's infrastructure. he founded a company to merge with a user generated social site which is one of the most highly trafficked. reviewed doz. he wrote beautifully and prolifically. he worked with progressive change committee and founded demand progress to keep the internet open and free and the battle to stop and defeat online pirate si act. he created the ic
ceiling and and after the treasury department issued a statement saying that quote, neither the treasury department nor the federal reserve believes the law can or should be used to facilitate the production of platinum coins to avoid the increase in the debt limit. and finally a quick personal update, i'll be in baltimore on wednesday to talk about my book "twilight of the elites." a chapter about the steroids era in baseball and i'll be at pratt library. >>> and you should...
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Jan 15, 2013
01/13
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talking about time to raise the debt ceiling, right? president obama warned he will not enter into another game of brinkmanship as he referred to it over the debt sealing with republicans. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. investors around the world will ask if the united states of america is in fact a safe bet. the full faith and credit of the united states of america is not a bargaining chip. martha: a lot of talk about the president's demeanor at that news conference yesterday. we'll get into that a little bit more coming up but for now does this really come down to an issue of raising the spending limit or defaulting on our credibility as the president has talked about. let's bring in stuart varney, host of "varney & company" on fox business network. so, stuart, you feel the way he is framing this is incorrect? >> yes. we're not going to default, per
talking about time to raise the debt ceiling, right? president obama warned he will not enter into another game of brinkmanship as he referred to it over the debt sealing with republicans. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. investors around the world will ask if the united states of america is in fact a...